Boluda Shipping to acquire Samskip Valencia, Spain-headquartered Boluda Shipping has signed an agreement to acquire Iceland-founded, Rotterdam-headquartered Samskip, including all its assets and operations. The parties say that the acquisition will pave the way for Europe's most
FERRIES 2026: Lessons learned from putting hybrid-electric ferries into service As ferry operators across the United States pursue vessel electrification, careful planning and a clear understanding of the technologies involved help support a successful transition from design to day-to-day operations. From commissioning
Host makes $50M capital investment in Avondale Global Gateway T. Parker Host reports that it is making a $50 million capital investment in Avondale Global Gateway, expanding the infrastructure and capacity needed to support growing customer demand and position the Mississippi
Siem orders two OSCVs at Fujian Mawei Siem Industries has ordered two Offshore Subsea Construction Vessels (OSCVs) for its Kristiansand, Norway-based Siem Offshore subsidiary. To be built at Fujian Mawei Shipbuilding in China, the vessels are scheduled for deliveries
Hydroniq delivers ready-to-install cooling system for first WSF hybrid-electric newbuild Norway-based Hydroniq Coolers has completed the early delivery of a new-look marine cooling system that will be installed on board the first of Washington State Ferries' new generation of hybrid-electric ferries, under
Lake Erie collision: NTSB seeks stronger USV safety standards The National Transportation Safety Board has issued six recommendations to improve the perceptibility and safe operations of uncrewed surface vessels (USVs), following its investigation of a 2024 vessel collision on Lake Erie.
MARAD awards $498M in port infrastructure grants U.S. Transportation Secretary Sean P. Duffy yesterday announced the award of $498 million in in Maritime Administration (MARAD) Port Infrastructure Development Program (PIDP) grants. "The strength of our nation's economy is directly
Patrick Terminals to launch OptiBook at Sydney AutoStrad Patrick Terminals and OneStop will launch the OptiBook container management platform at the Sydney AutoStrad Terminal on 28 November 2026, introducing a new booking system designed to improve container visibility and landside operations. The platform integrates with the OneStop Vehicle Booking System and provides transport operators with information on container status, availability and timeslot
CMA CGM announces new Asia-Africa surcharges for November CMA CGM has announced a series of Peak Season Surcharge (PSS) updates covering shipments from Asia to several African destinations, with charges reaching US$900 per TEU on selected routes from China to West Africa. The revised surcharges will take effect on 1 November 2026 and cover shipments to West, East and Southern Africa, alongside Madagascar, Mauritius, Seychelles and the Maldives. The Fren
Europe's container ports: Why is transshipment falling while gateway traffic grows? Europe's major container ports are reporting increasingly contrasting traffic patterns in 2026, with headline throughput figures concealing significant changes in the composition of cargo flows. At Rotterdam and Valencia, transshipment volumes have declined substantially during the first nine months of the year, while traffic linked to imports and inland markets has strengthened. Antwerp-Bruges p
Can container shipping move beyond fixed freight contracts? The traditional container shipping contract is built around a straightforward agreement: shippers secure predictable transportation costs, while carriers gain cargo commitments and revenue visibility. Yet repeated freight market disruptions have exposed the limitations of fixing rates months before shipments take place
UPS lifts full-year outlook as revenue grows across all segments UPS reported higher third-quarter revenue across its domestic, international and supply chain businesses. The logistics group also raised its financial guidance for the fourth quarter and full year. Consolidated revenue increased by 6.7% to US$22.9 billion. Operating profit reached US$1.7 billion, while adjusted operating profit was US$2.1 billion. UPS reported diluted earnings of US$1.37 per sha
Port Everglades sets third consecutive cruise passenger record Port Everglades in Fort Lauderdale, Florida, welcomed more than 5.38 million cruise passengers during fiscal year 2026, setting a new annual record for the third consecutive year. The latest figures reflect continued growth in the port's cruise operations as it prepares for another season with additional vessels, upgraded facilities and expanded passenger services. The port expects to host nine c
US revises tariffs on Canadian goods ahead of October 30 changes The United States has announced changes to its 50% tariffs on selected Canadian products , removing certain goods from the existing measures while adding new product categories. The modifications were introduced through a presidential proclamation signed on October 23, 2026, under Section 338 of the Tariff Act of 1930. They will take effect on October 30, changing the tariff treatment of a range
Noble offloads idle drillship for $38m US offshore drilling contractor Noble Corporation has agreed to sell its 2013-built, sixth-generation drillship, Noble Globetrotter II, for $38m as it continues to dispose of underutilised drilling assets. The transaction is expected to close in the fourth quarter of 2026. Noble has not disclosed the buyer's identity or the rig's intended future use. However, chief executive Robert ...
Norway lines up full-scale test of marine nuclear propulsion system A Norwegian-led consortium involving shipbuilder Vard and offshore vessel owner Island Offshore is preparing to build and test an integrated nuclear propulsion system, targeting its first vessel deployment in 2031 or 2032. The Marine Nuclear Propulsion System (MarNuPS) project, led by Emerald Nuclear Norway, will move from engineering studies to physical integration and testing, with ...
South Korean shipyard set for offshore wind makeover Four South Korean companies have signed an agreement to transform part of the Gunsan shipyard into an offshore wind manufacturing hub, with plans to produce large turbines, towers and offshore substations. HJ Heavy Industries, J-Ocean Heavy Industries, Myeongun Industrial Development and turbine manufacturer Unison signed a memorandum of understanding to develop the facility on South ...
Woodside exits delayed Timor-Leste gas project Australian energy major Woodside has agreed to sell its entire 33.44% stake in the long-delayed Greater Sunrise gas development to Timor-Leste's state-owned energy company TIMOR GAP for up to $200m. The agreement could bring one of the region's largest undeveloped offshore gas resources under full Timorese ownership, following a separate agreement for TIMOR GAP to ...
ADES jackup lines up work offshore Indonesia Saudi offshore drilling contractor ADES Holding has secured a new contract from Pertamina for the Shelf Drilling Perseverance jackup offshore Indonesia. The agreement covers a firm period of 406 days, with an option for another 30 days. The total potential contract value is SAR173.14m ($46.17m), including mobilisation and demobilisation fees. ADES did not specify which ...
Siem orders SCV newbuild duo from Chinese yard Norway's Siem Industries has confirmed an order for two large subsea construction vessels (SCVs) at China's Fujian Mawei Shipbuilding, with deliveries scheduled for 2029 and 2030. The vessels will measure about 145 m long and 27 m wide, with each featuring a 400-tonne active heave-compensated subsea crane and an additional 50-tonne crane. Norwegian naval architecture ...
Sanctioned Russian tankers head for US carrying diesel Three tankers carrying Russian diesel are heading towards the United States under the controversial agreement between presidents Donald Trump and Vladimir Putin, with Moscow preparing to dispatch a fourth vessel today. Russian deputy prime minister Alexander Novak confirmed yesterday that three shipments were underway, despite mounting opposition from US lawmakers who argue the deal breaches ...
BOMESC lands fresh FPSO topsides contract from SBM Offshore Chinese offshore engineering contractor BOMESC has secured another FPSO construction contract from Dutch floater specialist SBM Offshore, worth up to RMB3bn ($420m). The contract was awarded to BOMESC's wholly owned subsidiary Tianjin BOMESC Offshore Engineering by SBM Offshore subsidiary Single Buoy Moorings. The agreement covers engineering design, materials procurement and fabrication of FPSO
Shipping's $275m lesson in the limits of sanctions screening A sanctions settlement has exposed a fundamental weakness in shipping's compliance systems. Wolfgang Lehmacher reports. On paper, Adani Enterprises did what compliance manuals demand. According to OFAC, before each LPG cargo arrived, it screened ships, operators and sellers against the US sanctions list. The names were clean. In May 2026, Adani agreed to pay $275m ...
Lila Global lines up its finest asset play to date Lila Global appears to be lining up its finest asset deal to date. In mid-August, a suezmax firmly in the shadow fleet age bracket made headlines after changing hands for just under $50m, with the price tag showing that tanker values in this segment showed no signs of cooling down. The vessel, Sonangol Namibe (158,425 ...
Containership orderbook heads towards 16m teu The containership industry's extraordinary ordering spree is showing no signs of slowing, with the global orderbook now exceeding 15m teu and another wave of megamax contracts poised to push the total towards 16m teu before the end of the year. The latest figures from Alphaliner show that approximately 40 additional large containerships are expected to ...
Iran singles out Sinokor Iran has threatened South Korean tanker giant Sinokor, the world's dominant VLCC owner, with sweeping action against its fleet from November 1, accusing the company of repeatedly violating Tehran's restrictions on shipping through the Strait of Hormuz. Iran's Persian Gulf Strait Authority (PGSA) has said Sinokor vessels have committed more transit violations than any other ...
Maritime CEO Forum: Shipping's wartime boom tests discipline Shipping may be enjoying one of its strongest booms in decades, but the extraordinary profits generated by geopolitical turmoil are raising difficult questions about risk, investment and what happens when the wars end, delegates at yesterday's Maritime CEO Forum in Monaco heard. Opening the event at the Yacht Club de Monaco, Splash editor Sam Chambers ...
Wallenius Wilhelmsen extends car carrier newbuild drive Norwegian car carrier giant Wallenius Wilhelmsen has moved to extend its fleet renewal programme, following a $300m capital raise earlier this month to support plans for up to 12 additional LNG dual-fuel vessels. The Oslo-listed group issued a fresh update on its newbuilding programme on Wednesday, three weeks after outlining plans to add four large ...
Meadway Bulkers splashes out on ultramax series in China Greek dry bulk owner Meadway Bulkers has been linked to an order for six ultramax newbuildings at China's Nantong Xiangyu Shipbuilding, marking its largest shipbuilding commitment since becoming a standalone company in 2021. Splash understands the George Delaportas-controlled outfit has contracted six 64,500 dwt vessels, with deliveries scheduled between 2029 and 2030. Shipbuilding sources said ...
Peter Döhle tipped for Chengxi boxship quartet German tonnage provider Peter Döhle Schiffahrts has been linked to another four containership newbuildings at China's Chengxi Shipyard, extending its ordering programme across Chinese yards. The CSSC-controlled shipbuilder signed a contract with an unnamed European owner for four 3,700 teu vessels, in cooperation with China Shipbuilding Trading Co. Shipbroking and market sources have identified t
Venergy breaks into VLCCs with Hengli order Greek shipowner Vyron Vasileiadis is taking his rapidly expanding tanker business into the VLCC segment, with Venergy Maritime linked to two firm newbuildings and options for another two at China's Hengli Heavy Industries. The latest deal involves 306,000 dwt crude carriers, with deliveries reportedly scheduled for the first quarter of 2029, according to Greek shipbuilding ...
More crude for Asia + LR2 switching + winter = product tanker 'party' Tanker earnings season has officially begun. Today, Scorpio Tankers, whose shares just hit their highest point in over a decade...
The Daily View: China's maritime dominance is becoming a regulatory reality
China's anti-sanctions law is testing the waters in shipping Chinese maritime courts are narrowing sanctions escape routes. Shipping stakeholders need to be smart in compliance
Syria's shipping revival gives false flag tankers new cover Syria's emergence as an alternative to Hormuz is reviving legitimate maritime trade, but sanctioned tankers are exploiting that rehabilitation to...
Sea drones cripple containership off Bulgaria as Black Sea attacks escalate The crew of Contship Jet abandoned ship after three sea drones seriously damaged the containership off Bulgaria, as escalating attacks...
Marine insurance market soft in all main classes, IUMI confirms Premiums at nominal all-time high, but that could be down to weak greenback
From buyer to seller: China's cement pivot and the supramax boost The much-discussed property slump in China does have an upside for dry bulk, and specifically the sub-cape segments, as they...
Costamare wraps up epic bilateral refinancing round New agreements for more than $1.3bn with international banks will reduce interest costs and extend maturities
Bahri posts 900% profit increase as Houthis claim refinery hit Sky-high VLCC rates are contributing to what will be Bahri's best annual performance ever, though the threat of disruption lingers...
Wallenius Wilhelmsen returns to China amid scramble for PCTC newbuild slots A boom in vehicle carrier orders this year has swallowed up yard capacity with latest newbuildings not expected to deliver...
China P&I application 'will be considered', International Group says Japan Club won't be drawn on potential for veto
Singapore's bunkering crown faces a challenge from Shanghai Singapore has dominated global bunkering for nearly four decades, but Shanghai's growing alternative fuel capabilities are forcing the world's largest...
Daily Briefing China maxxing, shipping's decarbonisation dilemma | Will long predicted boxship overcapacity finally hit in 2027? | Saudi Arabia taps Singapore for...
LTL shipments getting heavier at ODFL as freight demand slowly rises The second-largest US LTL provider by revenue sees more positive indicators early in the fourth quarter after sequential gains in tonnage through September.
CSX tech outage halts Class I interchanges, disrupts intermodal freight The railroad said some systems were gradually returning to service, but that significant operational restrictions remained due to the outage, which began Tuesday and was determined to not be a cyberattack.
ILWU local threatens strike at LA-LB ports beginning Sunday The strike threat from unionized security personnel comes as the Southern California gateway is already experiencing congestion and rising rail container dwell times due to record or near-record container volumes this summer and fall.
Car carrier operators further expand widening order book on robust outlook The new ships join a ballooning backlog of vessels that has swelled to more than 200 ships totaling 2 million dwt, equivalent to 23% of the existing fleet, according to data from shipbroker Clarksons.
Tighter truckload market to boost contract rates in 2027: Werner Management said on the company's third-quarter earnings call that early bidding opportunities could require average double-digit rate increases, although it cautioned it was too early to forecast pricing for the entire year.
India-Europe carrier booking rates halve from August highs amid slowing demand Notwithstanding the rate correction, sources believe unchanged or only slightly lower westbound allocations on the lane have kept carrier spot asks from crashing more steeply.
Slowing AI demand growth masks hyperscaler spending boom: Rotate While the rate of expansion has begun to flatten out, data center investment by big tech is expected to increase over 40% year over year to $1 trillion in 2027, noted the air cargo analyst.
Clarksons predicts 'solid' trade growth for dry bulk as Simandou exports boost outlook But fleet growth could outstrip demand increases in 2028
US senator urges Thanassis Martinos to turn back tanker amid showdown over Putin-Trump diesel deal Richard Blumenthal also urges PetroVietnam to recall ship
Tank barge giant Kirby delivers better-than-expected profit and unveils fleet acquisition Evercore lifts profit and stock price forecasts after earnings beat
Sanctioned law firm at centre of tangled web of corporate entities across shipping 'A bit of panic' as banks and other service providers work to cut ties
US lawmakers probe disgraced diplomat's ties to Greek shipping Lawmaker requests Kimberly Guilfoyle's communications with Nikolas Tsakos and Alexandros Exarchou
Container ship orderbook nears 16m teu as LNG tightens grip on newbuilding market Pending orders from top-10 operators, including Yang Ming, will push the pipeline to unprecedented levels
Trump promises 'billions' of Venezuelan barrels in rally beside Trafigura tanker Campaign stop in Texas took place against the background of the aframax Angerona
US warns 'neutral' ships they may be stopped and searched in Gulf Military tells ships to keep documents ready for inspection by naval teams enforcing Iran blockade
US investigators sound alert on lookouts for autonomous vessels Coast Guard urged to draw up navigational safety plans after collision involving uncrewed vessel
'The party hasn't started yet': Scorpio celebrates Champagne rates ahead of peak season The product market hits its stride and the best may be yet to come, management tells analysts
Contships container ship 'listing heavily' after Black Sea drone strike Eighteen crew forced to abandon damaged Greek boxship
Shipping costs help fuel 23% leap in commodity prices this year, says World Bank Not only high freight rates, but insurance costs, ship-to-ship transfers and longer voyages are driving up food and energy prices
Contship Italia returns to liner business with Tarros acquisition Italian terminal operator acquires rival logistics operation in bid to create an integrated Euro-Mediterranean platform
Contships container ship listing after Black Sea drone strike Crew abandons damaged Greek boxship
UK's top court backs London Club in Prestige spill compensation battle Ruling marks possible conclusion to 24 years of legal battles over devastating spill that hit France and Spain
SFL commits $365m to container ship brace and ammonia carrier Trio of newbuildings secured with long-term charters stretching up to 12 years
US-China port fees truce should stay focused on charter length, says broker Vessel selection also key as incoming trade rules pushed back into January
Costamare finalises $1.4bn refinancing in 'tight' container ship market Greek owner now has 23 debt-free vessels after major funding drive
Scorpio hikes dividend and tips stake in Volare Shipping New York-listed product tanker owner delivers earnings beat with LR2s earning $181,000 per day in current quarter
Fratelli Cosulich sells new methanol-ready bunker tanker to PetroChina Italian owner divests lead ship in four-vessel series just months after delivery
Former dark fleet VLCCs head for Oman as US eases restrictions Three tankers linked to Venezuelan trading are seeking employment in the Middle East
DNB Carnegie frets on tanker market longevity despite massive owner dividends Frontline, DHT Holdings and Okeanis Eco Tankers all still have hold ratings
Clarksons Securities predicts more dividend records for Genco Omar Nokta trims third-quarter EPS estimate but sees stronger period ahead
Trump promises 'billions' of Venezuelan barrels as he visits Trafigura tanker Rally in Texas took place next to the aframax Angerona
Saudi tanker owner Bahri fixes first overseas loan as profit jumps 900% State shipping company reveals deal with BNP Paribas and National Bank of Greece
Offshore drives HD Hyundai profit rebound Contract modifications contribute to a sharp turnaround, alongside strong engine and LNG carrier earnings
Tanker owner Top Ships raises cash in notes sale while slashing share count Evangelos Pistiolis company raising up to $10m in a series of deals
Poland's Orlen set to open LNG trading office in Singapore Company plans to use its growing supply portfolio and eight-ship fleet to become global player
IOC boss wants India to boost tanker fleet to capitalise on cheaper oil Refiner's chairman AS Sahney wants a bigger crude fleet under domestic control
US lawmakers probe disgraced ambassador's ties to Greek shipping Lawmaker requests Kimberly Guilfoyle's communications with Nikolas Tsakos and Alexandros Exarchou
Giant owner Chouest Group buys Canadian operator Horizon Maritime US offshore specialist moves north with deal for harsh-environment specialist
'Estate planning': major Siem shareholder selling $303m stake Kristian Siem's shipping investment company launches buyback for other minority investors
Wallenius Wilhelmsen orders up to 12 giant car carriers for delivery through to 2032 Norwegian owner says it is 'building capacity for what comes next'
Maritime security is biggest concern, Danish Shipping CEO says Industry body supports global framework for carbon emissions
Navios Maritime Partners declares quarterly dividend payout Investors to get $0.06 per share in third quarter as company sets annualised distribution at $0.24 per unit
Residential cruise ship passengers evicted as operator blames high fuel costs for suspension Villa Vie Residences says it is working toward restructuring and recapitalization over the next 60 days
Japanese giants join forces to build ammonia-powered car carriers NYK and K Line rope in other partners to build ammonia fuel chain
KMTC orders container ship newbuildings in China for first time CSSC Huangpu Wenchong will build a series of 3,100-teu vessels
Aurora adds 500-truck Charger MOU toward 30,000-truck goal Aurora Innovation signed a nonbinding memorandum of understanding Monday under which Charger Logistics intends to buy up to 500 Aurora Driver-powered trucks, with deliveries over 2027 and 2028. The deal builds on a contract Charger signed in July to start driverless hauls between Dallas and Laredo, Texas. Under a final agreement, Charger would own the trucks and pay Aurora for the driving through
C.H Robinson and Landstar stock prices slammed; insurance a factor (Editor's note: the initial article has been revised to note that the companies discussed increased claims, not insurance premiums). Strong financial numbers released between Tuesday and Wednesday by C.H. Robinson and Landstar were overshadowed on Wall Street by concern over one particular issue: insurance and claims. Landstar kicked off the issue Tuesday afternoon with its third quarter earnings
First look: CPKC earnings Canadian Pacific Kansas City reported a 16% increase in third-quarter core adjusted earnings per share Wednesday, as higher freight volumes and growth in grain and intermodal revenue helped offset rising fuel costs. Revenue rose to C$4.22 billion ($3.01 billion) in the three months ended Sept. 30 from $2.61 billion a year earlier , the Calgary-based company (NYSE: CP ) said in earnings released a
How One Trucker Turned One Video A Day Into Billions Of Views, And What It Cost Him Larry Cothran did not set out to become what he now calls the number one trucking content creator in the world, he set out to post one video a day and then simply refused to stop, and that stubborn daily discipline, showing up on Facebook, Instagram, and YouTube every single day for more than three years without missing once, is what turned a truck driver with a phone into a media brand that by h
Strike threat by port security workers at Los Angeles-Long Beach About 250 union watchmen at the ports of Los Angeles and Long Beach could strike as early as 5 p.m. Pacific time Sunday, Nov. 1, threatening cargo operations at the nation's busiest container port complex if negotiators fail to reach a new labor agreement. Members of International Longshore and Warehouse Union (ILWU) Local 26 have authorized a strike, according to the Pacific Maritime Association
Old Dominion's tonnage turns positive; recovery needs demand inflection Less-than-truckload carrier Old Dominion Freight Line saw tonnage turn positive for the first time in over two years during September. Executives from the company cited favorable market share opportunities on Wednesday, with customers exploring multiyear contracts and 3PLs seeking long-term capacity commitments. However, the company acknowledged that a more material demand inflection-requiring a
Greenbrier profit falls as railcar demand weighs on sales Greenbrier Cos. reported a sharp decline in quarterly profit and revenue as the freight-railcar manufacturer contended with weaker demand and facility-related costs. The Lake Oswego, Ore., company (NYSE: GBX ) saw an increase in its order backlog and growth in its leasing fleet amid improving business conditions. The company said Monday that net earnings attributable to Greenbrier fell to $8.7 mi
F3: FreightWaves announces Shipper of Choice winners FreightWaves announced the winners of its Shipper of Choice awards on Monday, Oct. 26, at the F3: Future of Freight Festival, recognizing companies that stand out for their relationships with freight carriers and their approach to shipping operations. Craig Fuller, founder and CEO of FreightWaves and SONAR, presented the awards during the F3 Awards Dinner at The Signal in Chattanooga. The award e
Stolen shoes on eBay lead police to $1 million in missing BNSF train cargo Los Angeles police recovered approximately $1 million in stolen railroad cargo after tracing shoes advertised for sale on eBay. Investigators uncovered 35 pallets of BNSF Railroad property during an October 21 search of a local business. The merchandise included athletic footwear and backpacks from several major brands. Authorities arrested the business owner following the discovery. The Los Ange
FMCSA removes 10,000-plus driver training providers amid safety push JACKSONVILLE, Fla. - The Federal Motor Carrier Safety Administration has removed more than 10,000 commercial driver training providers from its federal registry since December 2025 and more than 100 noncompliant electronic logging devices from its approved list, according to the agency's chief safety officer. Steve Dowling outlined the agency's expanding enforcement efforts Wednesday during a key
Backlog grows as 35,000 containers await rail service at LA-Long Beach Nearly 35,700 import containers were waiting for on-dock trains at the ports of Los Angeles and Long Beach this week, as record cargo volumes and reported railcar shortages slowed the movement of freight inland. Of the 35,688 containers awaiting rail service on Oct. 26, 10,562 had been on the terminals for at least nine days, according to The Dwell's compilation of the ports' daily rail reports.
Diesel prices may stay elevated into spring 2027, fuel executives warn JACKSONVILLE, Fla. - U.S. trucking companies could face elevated diesel prices through at least spring 2027, according to energy and truck stop executives speaking Tuesday at the WEX OTR Summit . Geopolitical conflicts, refinery constraints and limited pipeline capacity continue to strain fuel supplies could continue to impact the trucking industry, according to Chuck Ryan, president and CEO of A
Forward Air saves 'significant portion' of major customer account Forward Air has entered a two-year agreement to retain "a significant portion of the services currently provided" to a customer that it had previously indicated it might lose. Prior reports from Forward said the contract logistics customer accounted for 10% of its annual revenue, or roughly $250 million. Under the agreement, the customer will continue using Forward ( NASDAQ: FWRD ) for certain s
Frst look: almost all good news at C.H. Robinson in the third quarter The third quarter at C.H. Robinson might be remembered for both the highs and the lows. It was the period when Lipe vs. Lupus Superior came down , and just days after the quarter ended, the giant 3PL announced the almost $6 billion acquisition of rival RXO (NYSE: RXO) . But neither of those things hit the company's financial performance, which was strong both sequentially and year-to-year, the la
The Companies That Write The Standards Will Own The Next Decade Of Freight The freight industry has spent years and real money chasing fraud, piling up more tracking, more data, and more awareness than it has ever had, and the losses keep climbing anyway, which is the paradox Michael Caney, Chief Customer Officer at the carrier-identity platform Highway, set out to unpack at the FreightWaves Broker Compliance Symposium, and his answer began with a reframe most of the ro
Jacobs, RXO's creator, backs its acquisition by C.H. Robinson Chattanooga-The man who created RXO gave his public support to the 3PL's acquisition by C.H. Robinson, saying you need "scale and density" to make it in the brokerage world. Brad Jacobs, who as CEO of XPO Logistics spun off RXO into a standalone publicly-traded 3PL, told the FreightWaves Future of Freight Festival here that he had nothing to do with the C.H. Robinson acquisition of RXO for approx
WEX, Euclid AI target 90% reduction in trucking transaction costs WEX is expanding its use of artificial intelligence and digital payment technology for trucking fleets, announcing a partnership with Euclid AI on Tuesday aimed at automating back-office operations and reducing costs for over-the-road carriers. The announcement came during the WEX OTR Summit in Jacksonville, Florida, where Cade Mund, senior director and head of product for WEX OTR, outlined the c
Insurance claims adjustments tank Landstar's otherwise strong Q3 Truckload broker Landstar System noted strong demand for its dry van and flatbed offerings on its third-quarter call with analysts on Tuesday. A tightened capacity backdrop and the buildout of data centers are shaping the favorable fundamentals. However, insurance claims activity clouded an otherwise solid result. "You can look down the P&L and if you skip one line known as insurance and claims,
Port Houston container volumes jump 11% as imports surge in September Port Houston recorded an 11% year-over-year increase in container volumes in September, fueled by stronger imports and improving export activity through its Bayport and Barbours Cut container terminals. The port handled 376,419 twenty-foot equivalent units (TEUs) during the month, compared with 337,659 TEUs during the same month in 2025, according to figures presented during the Oct. 21 Port Comm
Werner Enterprises sees cost headwinds lingering into Q1 Executives from Werner Enterprises outlined a path to double-digit truckload margins, but said cost headwinds will likely limit progress over the next two quarters. Werner ( NASDAQ: WERN ) reported third-quarter adjusted earnings per share of 16 cents after the market closed on Tuesday. The result was in line with a profit warning issued earlier in the month, calling for adjusted EPS of 15 to 16
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